gold, page-132409

gold at end of april often seems to see a short term high
this year looks like no exception

a confluence of end of april high and now Mr T seems to be conveniently easing tariffs and also easing the threat to sack the Federal Reserve Governor
and also a significant level for goldies to take profits
Mr T is a business person and not a warmonger. he created a sense of urgency with the other countries all now coming to him to talk terms
he has done the same with the US Fed who will now have no excuse to refuse to drop rates
the fed was blaming the tariffs. well they are clearly going.

Mr T did this same act in his first term where he got the Fed to delay rate rises or he would sack them

next fed meeting is early may 25

dropping rates will support our commods so until that plays out i expect gold and copper to stay at elevated levels
rates will drop this year. this will support gold and copper which remain my focus this year

cant pick the high for gold. no one can
but 3500 is not a bad number for this run

same as last post now where we will now see where support lies

sold my cmm. $10 was a good sale point on that trade
pru has some potential risks in africa so sold half there

nst evn tempted to stay with for longer term from their lows. cash cows regardless of gold

real delight for me here is my buys when Trump brought in the tariffs. we had a nice double bottom in bhp at $33. sfr wds sto all good here if we do get a nice green run. not running or trending. just a nice easing from the lows. bhp $40? as china and the us ease up their tariff war. nice 20% on a quality favourite blue chip of mine
jbh fell for about 1 week and recovered

tired of the doomsday predictions and the wokes. term deposits have to end as rates fall. money back in the market in search of divvies

gold is my favourite. no real divvies. no real intrinsic use but my it runs each year from november to april.
next quarter will be interesting